Thursday, 16 April 2015

Indicator Y L2168 s1844 - Buy FKLI If 1015am 1846

Readers traders are reminded that whatever we mention on the FKLI FCPO will always be on the most active contract month that is FKLI on spot month FCPO on third month.

In one hour's time from now, FKLI short 1844 using the short term technical trend indicator Y trading guides will have to do its stop and reverse buy once the index futures is last traded 1846 or higher at 1015am in the morning trading session today without taking into consideration on any unforeseen circumstances.

In short, cut loss turn buy if FKLI 1846 or higher at 1015am, otherwise, hold on the short 1844 and wait for next stop and reverse trade signal.

FCPO long 2168 using the indicator Y will have to keep enjoying the "fear and greed" since there is NO stop and reverse trade signal available!